TRIGIANT (01300.HK): expected successful bid for China Tower 2026 power cable procurement, tax-exclusive bid about RMB326 million, ranking No.4

NewTimeSpace News: TRIGIANT (01300.HK) released a voluntary announcement that on 22 October 2026, China Tower published on its online business platform the bidding results notice for the Centralised Procurement Project in respect of Power Cable (Copper Cable) Products Year 2026, under which Jiangsu Trigiant Technology Co., Ltd., a wholly-owned subsidiary of the Company, is the relevant prospective successful bidder, with a tax-exclusive bidding price of RMB325,802,870.48, ranking No.4 among numerous industry competitors.

According to the announcement, China Tower is one of the Group's major customers, and power cable (copper cable) has been one of its core traditional products for nearly two decades since inception. In this year, the Group has seen a significant surge in power cable orders, driven primarily by the evolving application requirements of domestic Artificial Intelligence Data Centres (AIDC) and the ongoing momentum in computing infrastructure development.

The Group said that to address the rapid growth in global demand for AI computing power, it is making significant strategic investments to comprehensively strengthen its business layout in the AIDC sector, and expects the share of this segment in its overall business to increase continuously. The publication period of the notice ran from 22 to 26 October 2026 and has expired; the Company advised investors to exercise caution in making investment decisions and take precautions against investment risks.